Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	160,882	$37.93M	35.4%	$208.94	—	TR UNIT	78462F103
VNQ	VANGUARD INDEX FDS	213,013	$17.59M	16.4%	$82.59	—	REIT ETF	922908553
XBI	SPDR SERIES TRUST	90,585	$6.281M	5.9%	$59.19	—	S&P BIOTECH	78464A870
IBB	ISHARES TR	11,350	$3.328M	3.1%	$273.96	—	NASDQ BIOTEC ETF	464287556
IEMG	ISHARES INC	49,112	$2.347M	2.2%	$43.18	—	CORE MSCI EMKT	46434G103
VWO	VANGUARD INTL EQUITY INDEX F	41,301	$1.64M	1.5%	$39.71	—	FTSE EMR MKT ETF	922042858
XRT	SPDR SERIES TRUST	33,362	$1.409M	1.3%	$43.80	—	S&P RETAIL ETF	78464A714
SMH	VANECK VECTORS ETF TR	16,951	$1.351M	1.3%	$71.63	—	SEMICONDUCTOR ET	92189F676
EWU	ISHARES TR	40,790	$1.327M	1.2%	$32.53	—	MSCI UK ETF NEW	46435G334
GOOGL	ALPHABET INC	1,245	$1.055M	1.0%	$41.73	0.0%	CAP STK CL A	02079K305
EWT	ISHARES INC	28,766	$955K	0.9%	$33.20	—	MSCI TAIWAN ETF	46434G772
BBD	BANCO BRADESCO S A	89,151	$912K	0.9%	$9.91	—	SP ADR PFD NEW	059460303
SLB	SCHLUMBERGER LTD	10,427	$814K	0.8%	$63.35	0.0%	COM	806857108
IEF	ISHARES TR	7,568	$799K	0.7%	$105.58	—	7-10YR TR BD ETF	464287440
LQD	ISHARES TR	5,327	$628K	0.6%	$117.16	—	IBOXX INV CP ETF	464287242
IEFA	ISHARES TR	10,405	$602K	0.6%	$57.86	—	CORE MSCI EAFE	46432F842
HAL	HALLIBURTON CO	12,204	$600K	0.6%	$45.14	0.0%	COM	406216101
LYB	LYONDELLBASELL INDUSTRIES N	6,241	$569K	0.5%	$54.20	0.0%	SHS - A -	N53745100
TLT	ISHARES TR	4,520	$545K	0.5%	$125.88	—	20 YR TR BD ETF	464287432
—	ANADARKO PETE CORP	8,774	$543K	0.5%	$61.89	—	COM	032511107
MPC	MARATHON PETE CORP	10,394	$525K	0.5%	$37.82	0.0%	COM	56585A102
BABA	ALIBABA GROUP HLDG LTD	4,802	$517K	0.5%	$107.66	—	SPONSORED ADS	01609W102
NVR	NVR INC	244	$514K	0.5%	$1894.29	0.0%	COM	62944T105
XLI	SELECT SECTOR SPDR TR	7,781	$506K	0.5%	$65.03	—	SBI INT-INDS	81369Y704
—	PROSHARES TR	14,584	$503K	0.5%	$34.49	—	SHORT S&P 500 NE	74347B425
—	DU PONT E I DE NEMOURS & CO	6,213	$499K	0.5%	$80.32	—	COM	263534109
—	DIREXION SHS ETF TR	55,178	$496K	0.5%	$8.56	—	DAILY GOLD MINER	25490K570
IFF	INTERNATIONAL FLAVORS&FRAGRA	3,722	$493K	0.5%	$98.23	0.0%	COM	459506101
IWM	ISHARES TR	3,553	$488K	0.5%	$137.35	—	RUSSELL 2000 ETF	464287655
—	MONSANTO CO NEW	4,317	$488K	0.5%	$113.04	—	COM	61166W101
UGI	UGI CORP NEW	9,850	$486K	0.5%	$47.53	0.0%	COM	902681105
—	VANECK VECTORS ETF TR	23,277	$481K	0.4%	$20.66	—	RUSSIA ETF	92189F403
—	TRANSCANADA CORP	10,433	$481K	0.4%	$46.10	—	COM	89353D107
PEP	PEPSICO INC	3,999	$447K	0.4%	$81.47	+0.5%	COM	713448108
XLP	SELECT SECTOR SPDR TR	8,151	$444K	0.4%	$51.71	—	SBI CONS STPLS	81369Y308
—	DISCOVER FINL SVCS	6,297	$430K	0.4%	$68.29	—	COM	254709108
CFG	CITIZENS FINL GROUP INC	12,195	$421K	0.4%	$25.79	0.0%	COM	174610105
—	BB&T CORP	9,179	$410K	0.4%	$39.11	—	COM	054937107
IP	INTL PAPER CO	7,814	$396K	0.4%	$34.17	0.0%	COM	460146103
IYC	ISHARES TR	2,372	$381K	0.4%	$160.62	—	U.S. CNSM SV ETF	464287580
MO	ALTRIA GROUP INC	5,202	$371K	0.3%	$38.56	0.0%	COM	02209S103
DIA	SPDR DOW JONES INDL AVRG ETF	1,775	$366K	0.3%	$206.20	—	UT SER 1	78467X109
JPM	JPMORGAN CHASE & CO	4,000	$351K	0.3%	$47.70	+46.1%	COM	46625H100
IYR	ISHARES TR	4,457	$349K	0.3%	$78.30	—	U.S. REAL ES ETF	464287739
JNJ	JOHNSON & JOHNSON	2,724	$339K	0.3%	$84.54	+10.5%	COM	478160104
MGM	MGM RESORTS INTERNATIONAL	12,408	$339K	0.3%	$26.22	0.0%	COM	552953101
MTB	M & T BK CORP	2,123	$328K	0.3%	$124.95	0.0%	COM	55261F104
DRI	DARDEN RESTAURANTS INC	3,902	$326K	0.3%	$58.54	0.0%	COM	237194105
—	POWERSHARES ETF TR II	7,410	$322K	0.3%	$43.45	—	S&P500 LOW VOL	73937B779
PFE	PFIZER INC	9,062	$310K	0.3%	$21.41	0.0%	COM	717081103
LMT	LOCKHEED MARTIN CORP	1,155	$309K	0.3%	$206.79	0.0%	COM	539830109
—	ROCKWELL COLLINS INC	3,100	$301K	0.3%	$97.10	—	COM	774341101
SOXX	ISHARES TR	2,192	$300K	0.3%	$136.86	—	PHLX SEMICND ETF	464287523
FXI	ISHARES TR	7,742	$297K	0.3%	$34.70	—	CHINA LG-CAP ETF	464287184
MRK	MERCK & CO INC	4,422	$280K	0.3%	$46.06	0.0%	COM	58933Y105
TBT	PROSHARES TR	6,939	$271K	0.3%	$40.61	—	PSHS ULTSH 20YRS	74347B201
MSFT	MICROSOFT CORP	4,128	$271K	0.3%	$50.28	+15.0%	COM	594918104
—	VEREIT INC	31,537	$267K	0.2%	$8.47	—	COM	92339V100
—	BAKER HUGHES INC	4,399	$263K	0.2%	$59.79	—	COM	057224107
FITB	FIFTH THIRD BANCORP	10,287	$261K	0.2%	$14.26	+35.6%	COM	316773100
CSCO	CISCO SYS INC	7,711	$260K	0.2%	$22.23	+11.3%	COM	17275R102
RF	REGIONS FINL CORP NEW	17,941	$260K	0.2%	$10.60	0.0%	COM	7591EP100
PNC	PNC FINL SVCS GROUP INC	2,155	$259K	0.2%	$91.30	0.0%	COM	693475105
—	PEOPLES UNITED FINANCIAL INC	14,221	$258K	0.2%	$18.14	—	COM	712704105
—	RICE ENERGY INC	10,842	$256K	0.2%	$23.61	—	COM	762760106
EWA	ISHARES	11,128	$251K	0.2%	$20.18	—	MSCI AUST ETF	464286103
—	CREDIT SUISSE GROUP	16,939	$251K	0.2%	$14.82	—	SPONSORED ADR	225401108
—	TCF FINL CORP	14,066	$239K	0.2%	$16.99	—	COM	872275102
FTI	TECHNIPFMC PLC	7,373	$239K	0.2%	$22.64	0.0%	COM	G87110105
VZ	VERIZON COMMUNICATIONS INC	4,892	$238K	0.2%	$31.43	0.0%	COM	92343V104
—	BLACKROCK INC	621	$238K	0.2%	$383.25	—	COM	09247X101
—	XEROX CORP	32,388	$237K	0.2%	$7.32	—	COM	984121103
—	SVB FINL GROUP	1,270	$236K	0.2%	$185.83	—	COM	78486Q101
ORLY	O REILLY AUTOMOTIVE INC NEW	876	$236K	0.2%	$18.06	0.0%	COM	67103H107
—	PROSHARES TR	10,346	$231K	0.2%	$22.33	—	ULTSHT RUSS2000	74348A319
—	PROSHARES TR	11,849	$225K	0.2%	$18.99	—	ULTSHRT QQQ	74348A426
PHG	KONINKLIJKE PHILIPS N V	7,000	$224K	0.2%	$32.00	—	NY REG SH NEW	500472303
NOW	SERVICENOW INC	2,543	$222K	0.2%	$17.44	0.0%	COM	81762P102
MFC	MANULIFE FINL CORP	12,546	$222K	0.2%	$18.42	0.0%	COM	56501R106
OXY	OCCIDENTAL PETE CORP DEL	3,463	$219K	0.2%	$52.10	0.0%	COM	674599105
URI	UNITED RENTALS INC	1,730	$216K	0.2%	$117.82	0.0%	COM	911363109
—	GOLDCORP INC NEW	14,763	$215K	0.2%	$14.56	—	COM	380956409
ITUB	ITAU UNIBANCO HLDG SA	17,686	$213K	0.2%	$10.84	—	SPON ADR REP PFD	465562106
—	RITE AID CORP	50,050	$212K	0.2%	$4.24	—	COM	767754104
EWC	ISHARES	7,904	$212K	0.2%	$26.82	—	MSCI CDA ETF	464286509
—	NATIONAL OILWELL VARCO INC	5,309	$212K	0.2%	$39.93	—	COM	637071101
—	YAMANA GOLD INC	76,587	$211K	0.2%	$2.76	—	COM	98462Y100
ZION	ZIONS BANCORPORATION	4,940	$207K	0.2%	$43.44	0.0%	COM	989701107
MAN	MANPOWERGROUP INC	2,014	$206K	0.2%	$97.01	0.0%	COM	56418H100
—	CREDIT SUISSE NASSAU BRH	2,823	$206K	0.2%	$72.97	—	INVRS VIX STERM	22542D795
SSO	PROSHARES TR	2,405	$204K	0.2%	$84.82	—	PSHS ULT S&P 500	74347R107
FRCB	FIRST REP BK SAN FRANCISCO C	2,153	$201K	0.2%	$90.31	0.0%	COM	33616C100
PM	PHILIP MORRIS INTL INC	1,788	$201K	0.2%	$65.59	0.0%	COM	718172109
—	GROUPON INC	51,080	$200K	0.2%	$4.07	—	COM	399473107
—	GLAXOSMITHKLINE PLC	4,758	$200K	0.2%	$42.03	—	SPONSORED ADR	37733W105
—	PROSHARES TR	15,271	$195K	0.2%	$12.77	—	SHT MSCI NEW	74347X575
—	DIREXION SHS ETF TR	11,047	$191K	0.2%	$17.29	—	DLY EMKT 3X NEW	25459Y470
RIG	TRANSOCEAN LTD	14,313	$178K	0.2%	$13.74	0.0%	REG SHS	H8817H100
—	NEW YORK CMNTY BANCORP INC	12,317	$172K	0.2%	$13.96	—	COM	649445103
—	DIREXION SHS ETF TR	18,002	$163K	0.2%	$9.05	—	DLY S&P 500 BEAR	25459Y371
—	PROSHARES TR II	11,585	$152K	0.1%	$13.12	—	VIX SHORT TERM F	74347W262
—	DIREXION SHS ETF TR	22,075	$140K	0.1%	$6.34	—	DL RUSS BEAR 3X	25490K786
VALE	VALE S A	13,983	$132K	0.1%	$9.44	—	ADR	91912E105
AES	AES CORP	11,811	$132K	0.1%	$8.24	0.0%	COM	00130H105
—	ENSCO PLC	14,168	$126K	0.1%	$8.89	—	SHS CLASS A	G3157S106
PBR	PETROLEO BRASILEIRO SA PETRO	12,263	$118K	0.1%	$9.62	—	SPONSORED ADR	71654V408
BB	BLACKBERRY LTD	11,098	$86,000	0.1%	$7.12	0.0%	COM	09228F103
SAN	BANCO SANTANDER SA	12,504	$75,000	0.1%	$6.00	—	ADR	05964H105
—	PENNEY J C INC	12,056	$74,000	0.1%	$6.14	—	COM	708160106
—	WEATHERFORD INTL PLC	10,115	$67,000	0.1%	$6.62	—	ORD SHS	G48833100
CIG	COMPANHIA ENERGETICA DE MINA	19,064	$62,000	0.1%	$3.25	—	SP ADR N-V PFD	204409601
—	FITBIT INC	10,444	$61,000	0.1%	$5.84	—	CL A	33812L102
—	GLOBAL EAGLE ENTMT INC	16,252	$51,000	0.0%	$3.14	—	COM	37951D102
—	BAZAARVOICE INC	10,668	$45,000	0.0%	$4.22	—	COM	073271108
—	PENN WEST PETE LTD NEW	22,780	$38,000	0.0%	$1.67	—	COM	707887105
—	BIODELIVERY SCIENCES INTL IN	17,800	$33,000	0.0%	$1.85	—	COM	09060J106
—	SEADRILL LIMITED	19,683	$32,000	0.0%	$1.63	—	SHS	G7945E105
HMY	HARMONY GOLD MNG LTD	11,325	$27,000	0.0%	$2.38	—	SPONSORED ADR	413216300
—	FUELCELL ENERGY INC	16,894	$23,000	0.0%	$1.36	—	COM NEW	35952H502